Automated Guided Vehicle Market 2023 current trends, latest expansions, scenario, market size, drivers, restraints, and major players
Posted on Mar 24 2023 6:47 AM
"The Automated Guided Vehicle Market is projected to grow from USD 2.17 billion in 2022 to USD 4.11 billion by 2029, exhibiting a CAGR of 9.6% during the forecast period. "
The "Automated Guided Vehicle Market" research report provides an in-depth analysis of the current trends, latest expansions, scenario, market size, various drivers, restraints, and major players along with their profile details. The Automated Guided Vehicle Market is projected to grow from USD 2.17 billion in 2022 to USD 4.11 billion by 2029, exhibiting a CAGR of 9.6% during the forecast period. With the help of all this information research report helps the market contributors to improve market positions.
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Top Players in the Global Automated Guided Vehicle Market
- Oceaneering International Inc. (United States)
- Toyota Advanced Logistics (Japan)
- Daifuku Co., Ltd. (Japan)
- KION GROUP AG (Germany)
- Hyster-Yale Materials Handling, Inc., (United States)
- JBT (United States)
- Mitsubishi Caterpillar Forklift America Inc. (United States)
- Crown Equipment Corporation (United States)
- Seegrid Corporation (United States)
- E&K Automation GmbH (Germany)
- HIT Robot Group (China)
- Kollmorgen (United States)
- AGVE Group (United States)
- ELETTRIC80 S.P.A. (Italy)
- SI Systems, LLC. (United States)
- Scott (Switzerland)
- Heartland Automation LLC (United States)
- REDVIKING (United States)
- Swisslog Holding AG (Switzerland)
Rising Adoption of Automation in Material Handling Process to Fuel Market Growth
Advancements in technologies such as machine learning, Big Data, and others have propelled the adoption of automated material handling operations as they allow better quality control, flexible production process, and efficient workforce management. Hence, the growing adoption of automation in the material handling process is likely to be a key propellant to the global automated guided vehicle market growth. Additionally, the expansion of the e-commerce industry is likely to expand the usage of automated material handling systems, which, in turn, is anticipated to boost the market growth. The growing adoption of automated guided vehicle in the food & beverage and automotive industries is projected to fuel market growth in the forthcoming years. However, high initial investments in deploying AGVs may hinder the market growth.
The study also considers the competition environment, and the report will include an overview of the major market competitors in Automated Guided Vehicle Market as well as their market forecasts.
In addition, the report will include information on important advancements, international developments, sales networks, corporate strategy, studies and development initiatives, number of key executives for all significant market participants.
- Tow Vehicles
- Automated Forklift Trucks
- Underride/Tunneling Vehicles
- Assembly Line Vehicles
- Others (Unit Load Carriers)
By Navigation Technology
- Laser Guided
- Magnetic Guided
- Vision Guided
- Others (Wire Guided)
- Transportation & Distribution
- Storage & Assembly
- Food & Beverage
- Others (Healthcare)
- North America
- Asia Pacific
- Middle East & Africa
- South America
Automated Guided Vehicle Market Regional Growth:
The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Automated Guided Vehicle Market by its Type, Applications, End User and Region.
Important Points Covered by Report:
- To analyze the value of the Automated Guided Vehicle Market, according to the key region.
- To study the Automated Guided Vehicle Market's current trends, prospects, and also their participation in the entire sector.
- Report consists the of in-depth information related to the region/countries, major key players, current trends and their analysis, product type, applications, and other background information
- The report provides detailed information about drivers, restraints, and the future scope of the Automated Guided Vehicle Market.
- The report covers information about historic data analysis as well as forecast period analysis.
- Identify, define, and project the Market by type, application, end-user, and geography.
- Analyze the market dynamically, mentioning market forces and market growth restraints.
- Provide business expansion strategy analysis, including market segment definition, client analysis, distribution model, product branding and positioning, and price strategy analysis.
- Analyze the stakeholders’ market potential and give market leaders specifics on the competitive environment.
Speak to the Analyst:
Data Collection Matrix:
- Technology distributors and wholesalers
- End-user surveys
- Consumer surveys
- Mystery shopping
- Company reports and publications
- Government publications
- Independent investigations
- Economic and demographic data
- Case studies
- Reference customers
Questions Answered by This Report
- What was the market size of Automated Guided Vehicle Market in 2022?
- What will be the CAGR of Automated Guided Vehicle Market during the forecast period from 2022-2029?
- Who are the major players in Global Automated Guided Vehicle Market?
- Which region held the largest share in Automated Guided Vehicle Market in 2029?
- What are the key market drivers of Automated Guided Vehicle Market?
- Who is the largest end-user Automated Guided Vehicle Market?
- What will be the Automated Guided Vehicle Market value in 2029?
Key Points from TOC:
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
- Executive Summary
- Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
- Key Insights
4.1 Global Statistics — Key Countries
4.2 New Product Launches
4.3 Pipeline Analysis 2023
4.4 Regulatory Scenario — Key Countries
4.5 Recent Industry Developments — Partnerships, Mergers & Acquisitions
- Global Automated Guided Vehicle Market Analysis 2023, Insights, and Forecast
5.1. Key Findings/ Summary
5.2. Market Analysis — By Product Type
5.3. Market Analysis — By Distribution Channel
5.4. Market Analysis — By Countries/Sub-regions
- Competitive Analysis
11.1. Key Industry Developments
11.2. Global Market Share Analysis
11.3. Competition Dashboard
11.4. Comparative Analysis — Major Players
- Company Profiles
12.2 Products & Services
12.3 SWOT Analysis
12.4 Recent developments
12.5 Major Investments
12.6 Regional Market Size and Demand
- Strategic Recommendations
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